From the previous question of whether an AI can do your job or not… to this - Will AI mean the end of Capitalism?
Whilst some of us sci-fi nuts are well read on the possibility of AI ending human life, what if that’s just far fetched nonsense, and humans will always control AI. However even still, AI is queuing up to become the next Industrial Revolution…
Over one hundred years ago people feared for their jobs, quite rightly in many cases, as machines took over once manual tasks. Now employers will have AI machines capable of replacing yet more workers.
The previous revolution didn’t mean the end of the world - economies and people adapted. We in fact began a wave of creativity in ways never previously imagined, culminating one could say in the hand held device I’m typing this on.
Freeing up the manual labour roles freed humanity to find new avenues to use their time - much like we did thousands of years ago once we moved to agriculture instead of hunter/gatherer societies, thus freeing up time to perform tasks such as contemplate our naval and create the foundation stones of the civilisation we have grown into today.
But again… what will happen when AI displaces hundreds of thousands of jobs worldwide?
Those operating the AI will become richer. Less running costs, thus higher profits. But, will those displaced workers now freed of their financial servitude find new avenues for their time? Could we instead see the arrival of a point where the wealth of the planet truly is tipped too far in one direction to allow capitalism to continue? The rich are only rich if the poor can continue to hand over their money. With no income, no exchange will be left to occur.